The major factor that is driving the growth of the Monoethylene Glycol market is soaring demand for PET resin, polyester fibers and antifreeze. In addition, Monoethylene Glycol is a bio-degradable compound due to which it aquatic organisms are less affected. This factor is also contributing to the growth of the market. However, the major limiting factors of the market are high prices of crude oil and regulations for environmental protection due to which there are less number of approved chemicals present in the market. Exposure to Monoethylene Glycol is very toxic for humans; ingestion of Monoethylene Glycol may severely affect kidneys, heart, central nervous systems. This factor is also hampering the growth of the market. Rising demand for non- ionic surfactant and growing textile & fiber industries are expected to create lot of opportunities for the enlargement of the market.
Monoethylene Glycol by Application Market Analysis
Monoethylene Glycol application market is segmented into automotive antifreeze, PET resin, polyester fibers and others. PET resin segment is the largest revenue generating segment due to high demand for Monoethylene Glycol in the manufacturing process of PET bottles.
Monoethylene Glycol by Geography Market Analysis
Monoethylene Glycol geography market is segmented into North America, Europe, Asia-Pacific and RoW. Asia Pacific is the dominating segment of this market due to large number of manufacturers of fiber and textile in Indonesia, India, and China.
The key strategies adopted by the companies to expand in the Monoethylene Glycol market are product launch, mergers & acquisitions and agreements & collaborations. These strategies would help in gaining competitive advantages and expansion of the market. The companies profiled in this report are Chemtex Speciality Limited, India Glycols Ltd., LyondellBasell, Reliance Industries Ltd., Shell Global, and Dow Chemical Company.
High Level Analysis
The report analyzes various macro environments of the Monoethylene Glycol market using porter’s analysis. According to porter’s analysis, the bargaining power of the supplier is high due to high cost of switching. The bargaining power of buyer is low due to the specialized products of Monoethylene Glycol market. The threat of substitute is low due to unavailability of alternate products.
The study helps to analyze the Monoethylene Glycol market trends to provide in-depth understanding of the entire market segment and thus, helps the market players to make strategic decisions
To find out various regulations that result in lack of differential products. In addition, segmental analysis is also done to identify the largest revenue generating segment
To study the various factors that are enhancing and restraining the growth of the market that would help the players in deeply understanding the market
Analysis of environmental factors that would create opportunities for the growth of the market
Study of SWOT and analysis of the captivating strategies adopted by the players in the market are conducted, which would help in assisting the stakeholders to take actionable decisions
Analysis of the current market scenario, forecasts of the future transition trends and projected revenue of the market through 2013-2020 are expounded in the report; thus, help stakeholders analyze the market
To find out the recent trends of the Monoethy
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.